After a spectacular run, Bitcoin has cooled. of The price of Bitcoin It is now $51,064 after a modest 2% weekly discount.
Cash flowed into the market as retail investors showed interest in newly-licensed exchange-traded funds (ETFs), but that eventually subsided.
Still, the asset has risen sharply since the start of the year, trading at $42,245 a penny.
But Ethereum (ETH) has been the star of the week. of The price of ETH It crossed the $3,000 mark for the first time since April 2022, and is now trading at $2,956, a 6% jump in the past seven days.
Investors are once again looking for the asset as more major Wall Street firms apply to leave the Ethereum ETF space. The SEC has until May to approve or ban such a product.
And Uniswap (UNI), the 16th largest token, is doing very well: it's up 66 percent this week and is trading at $12.41. News yesterday that the foundation behind the popular decentralized exchange is looking to improve its governance system will reward users who participate.
According to the foundation, the idea is to “encourage active, engaged and thoughtful delegation to the management of the Uniswap protocol at the highest level.” A vote will come in March.
Last week, UNI was the best performing currency among the top 20 coins and tokens.
So far, the most impressive performers have been AI tokens, which surged alongside AI sticks after Nvidia's earnings report. The top chipmaker reported revenue of $22.1 billion in the final quarter of 2023, beating analysts' estimates.
As a result, AI-related digital assets are growing. Worldcoin (WLD) has gained 71% in the past seven days, while SingularityNET (AGIX) doubled before settling on a 71% gain for the week.
Edited by Ryan Ozawa.
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